If a share option holder exercises appraisal rights on the share options, if an agreement on the determination of the price of the share options is reached between the share option holder (if relevant share options are attached to bonds with share option, if a holder thereof demands that the stock company purchase the bonds constituting those bonds with share options, including relevant bonds; hereinafter the same applies in this Article) and the stock company, the stock company must make payment within sixty days from the day of the amendment to the articles of incorporation.
If no agreement on the determination of the price of the share options is reached within thirty days from the day of amendment to articles of incorporation, the share option holders or the stock company may file a petition for the court to determine the price within thirty days after the expiration of that period.
Notwithstanding the provisions of paragraph (8) of the preceding Article, in the cases provided for in the preceding paragraph, if the petition under that paragraph is not filed within sixty days after the day of amendment to articles of incorporation, share option holders exercising appraisal rights on the share options may withdraw their demands for appraisal of the share options at any time after the expiration of that period.
The stock company must also pay interest on the price determined by the court at the statutory interest rate from and including the day of the expiration of the period referred to in paragraph (1).
株式会社は、裁判所の決定した価格に対する第一項の期間の満了の日後の法定利率による利息をも支払わなければならない。
A stock company may pay the amount that relevant stock company considers to be a fair price to a share option holder until the determination of the price of share options.
株式会社は、新株予約権の価格の決定があるまでは、新株予約権者に対し、当該株式会社が公正な価格と認める額を支払うことができる。
The purchase relating to the exercise of appraisal rights on share options becomes effective on the day of amendment to articles of incorporation.
If a share option holder exercises appraisal rights on share options with respect to share options for which share option certificates are issued, the stock company must pay the price of the share options relating to the exercise of appraisal rights on the share options in exchange for the share option certificates.
If a share option holder exercises appraisal rights on share options in respect of a share option attached to any bonds with share options for which a bond certificate has been issued, the stock company must pay the price of the share options in respect of which the holder is exercising appraisal rights in exchange for the certificate representing the bonds with share options.
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(Exercise of Appraisal Rights on Share Options)
Share option holders exercising appraisal rights on share options may withdraw their demands for appraisal of the share options only with the approval of the stock company.
新株予約権買取請求をした新株予約権者は、株式会社の承諾を得た場合に限り、その新株予約権買取請求を撤回することができる。
Open this provision(Determination of the Price of Share Options)
If a share option holder exercises appraisal rights on the share options, if an agreement on the determination of the price of the share options is reached between the share option holder…
新株予約権買取請求があった場合において、新株予約権（当該新株予約権が新株予約権付社債に付されたものである場合において、当該新株予約権付社債についての社債の買取りの請求があったときは、当該社債を含む。以下この条において同じ。）の価格の決定について、新株予約権者と株式会社との間に協議が調ったときは、株式会社は…
Open this provision(Determination of the Price of Share Options)
If a share option holder exercises appraisal rights on the share options, if an agreement on the determination of the price of the share options is reached between the share option holder…
新株予約権買取請求があった場合において、新株予約権（当該新株予約権が新株予約権付社債に付されたものである場合において、当該新株予約権付社債についての社債の買取りの請求があったときは、当該社債を含む。以下この条において同じ。）の価格の決定について、新株予約権者と株式会社との間に協議が調ったときは、株式会社は…
Open this provision(Determination of the Price of Share Options)
If no agreement on the determination of the price of the share options is reached within thirty days from the day of amendment to articles of incorporation…
新株予約権の価格の決定について、定款変更日から三十日以内に協議が調わないときは、新株予約権者又は株式会社は、その期間の満了の日後三十日以内に、裁判所に対し、価格の決定の申立てをすることができる。
Open this provisionshare option
「新株予約権」
A right that entitles its holder, by exercising it against a stock company, to receive shares of that company.
Defined inArticle 2, paragraph (1), item (xxi)· applies throughout the law
bonds with share options
「新株予約権付社債」
A bond with share options attached to it.
Defined inArticle 2, paragraph (1), item (xxii)· applies throughout the law
bond
「社債」
A money claim against a company, arising from an allotment the company makes under this Act, that is to be repaid according to the terms set under Article 676.
Defined inArticle 2, paragraph (1), item (xxiii)· applies throughout the law
exercise of appraisal rights on share options
「新株予約権買取請求」
A share option holder's demand that the company buy back their share options at a fair price, allowed when the company makes certain changes such as amending its articles of incorporation, converting into another kind of company, merging or splitting.
Short name set inArticle 118, paragraph (2)· applies only in this section
day of amendment to articles of incorporation
「定款変更日」
The day on which an amendment to the articles of incorporation that lets share option holders demand the company buy back their options takes effect.
Short name set inArticle 118, paragraph (3)· applies only in this article and in Article 119
certificate for bonds with share optionsmachine translation
「新株予約権付社債券」
A certificate representing bonds with share options, as provided for in Article 249, item (ii).
Defined inArticle 118, paragraph (7)· applies only in this paragraph and in Article 119, paragraph (8)